Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

5-2. (Retention Rate) Assume that your insurance company had 5,000 customers in January 2022, and your database shows that you gained 340 new customers and

5-2. (Retention Rate) Assume that your insurance company had 5,000 customers in January 2022, and your database shows that you gained 340 new customers and 899 customers churn during 2022. What is your yearly customer retention rate? Is it good or bad compared to the industry benchmark (use the article)? If you were a marketing analyst for your insurance company, how would you report it to your supervisor?
image text in transcribed
5-2. (Retention Rate) Assume that your insurance company had 5,000 customers in January 2022 , and your database shows that you gained 340 new customers and 899 customers chum during 2022. What is your yearly customer retention rate? is it good or bad compared to the industry benchmark (use the article)? If you were a marketing analyst for your insurance company, how would you report it to your supervisor

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Operations Management Sustainability And Supply Chain Management

Authors: Jay Heizer, Barry Render, Chuck Munson, Paul Griffin

3rd Canadian Edition

0134838076, 978-0134838076

More Books

Students also viewed these General Management questions